SCHEDULE: Sit Investment Associates Discloses 5.6% Stake in BlackRock MuniYield Fund II

Sit Investment Associates and its subsidiary Sit Fixed Income Advisors II have reported a 5.6% beneficial ownership stake in BlackRock MuniYield Quality Fund II, Inc. as of December 31, 2025.

Summary

• Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC collectively hold 1,241,695 shares of BlackRock MuniYield Quality Fund II, Inc. Common Stock.
• This ownership represents 5.6% of the issuer's outstanding common stock.
• The calculation of the percentage is based on 22,154,712 shares of common stock outstanding as of July 31, 2025.
• Both reporting persons, Sit Investment Associates, Inc. (a Minnesota Corporation) and Sit Fixed Income Advisors II, LLC (a Delaware LLC), are registered investment advisers.
• The reporting persons have shared voting power and shared dispositive power over all 1,241,695 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor, indicating a passive stake. It does not contain information that would inherently suggest a positive or negative sentiment regarding the issuer's performance or prospects.

Positives

• The disclosure indicates institutional interest in BlackRock MuniYield Quality Fund II, Inc. from Sit Investment Associates, Inc. and its subsidiary.

Risks

• Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC disclaim beneficial ownership of the reported securities, as they are held by client accounts for which they provide investment management services.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or the reporting persons' future investment intentions beyond the current passive stake.

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
• Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC provide investment management services to client accounts and possess shared voting and investment power over the reported securities.

Industry Context

This filing is a standard disclosure for institutional investment advisers, like Sit Investment Associates, Inc., when their managed client accounts collectively cross the 5% beneficial ownership threshold in a publicly traded company, in this case, a closed-end municipal bond fund. Such passive stakes are common in the asset management industry, reflecting portfolio allocations rather than strategic corporate actions.

Stakeholder Impact

• Shareholders may view the institutional ownership by Sit Investment Associates as a sign of continued institutional interest in the fund, potentially contributing to market stability.

Key Dates

Recommendation

This Schedule 13G filing is a disclosure of a passive beneficial ownership stake by an investment adviser. It does not provide financial performance data, strategic updates, or any information that would warrant a change in investment recommendation. The stake is held in the ordinary course of business and is not intended to influence control, suggesting a neutral impact on the issuer's operations or valuation. Therefore, a 'hold' recommendation is appropriate as the filing itself does not present new information to alter an existing investment thesis.

Keywords

BlackRock MuniYield Quality Fund II, Sit Investment Associates, Sit Fixed Income Advisors II, Beneficial Ownership, Investment Adviser, Common Stock, SEC Filing, Schedule 13G, Closed-End Fund, Municipal Bonds